Estee Lauder Gains, Imax Jumps, Denali Therapeutics Slides After Parkinson’s Drug Trial Failure

Broadcom Sinks After Disappointing Outlook; CrowdStrike Results Fail to Wow; Petco Shares Drop

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Broadcom (AVGO) shares fall after the chipmaker gave an outlook that was seen as underwhelming, given the industry’s AI-related demand. Analysts note that AI sales and margins for the current quarter are weaker than expected. - CrowdStrike (CRWD) shares are down after the security software company reported first-quarter results beat, which wasn’t strong enough to lift the stock that has more than doubled from a March low. - Petco (WOOF) shares tumble after the pet health and wellness company’s second-quarter adjusted Ebitda forecast came in below the average analyst estimate. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Remy Cointreau Rises, Abivax Gains, Universal Dips

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Remy Cointreau posted slightly better-than-expected annual profit as strong growth in the Americas helped the Cognac maker stem losses from tepid demand in its critical European and Chinese markets. - Abivax shares climb as much as 14% in Paris, extending a rally after the stock plunged due to cancer cases in a crucial clinical trial. The market reaction to the cases in the French biotech company’s late-stage trial results for its experimental ulcerative colitis drug are “overdone,” according to Stifel analysts. - Universal Music Group shares fell after Bill Ackman sold his €1.42 billion ($1.65 billion) stake in the Amsterdam-listed company just days after it rejected a takeover bid by the hedge fund billionaire. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Remy Cointreau Up, STMicro Down, Puma Rises

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Remy Cointreau posted slightly better-than-expected annual profit as strong growth in the Americas helped the Cognac maker stem losses from tepid demand in its critical European and Chinese markets. - ST Micro and other chip names are seeing some weakness this morning following Broadcom's disappointing outlook on AI revenue. - Puma is upgraded to buy from neutral at Citi, which cites potential major medium-term growth opportunity in Greater China based on Anta Sports Products becoming the firm’s biggest shareholder. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Broadcom Slides on Disappointing AI Outlook, CrowdStrike Falls, Petco Drops

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Broadcom (AVGO) shares fell in extended trading after the company delivered a disappointing forecast for artificial intelligence chip revenue, signaling it’s efforts to gain ground in the burgeoning industry are going more slowly than anticipated. AI semiconductor revenue will be $16 billion in the fiscal third quarter, which runs through July, the company said in a statement Wednesday. Analysts predicted $17.2 billion on average, according to data compiled by Bloomberg. - CrowdStrike (CRWD) shares fell in extended trading after the security software company reported its first-quarter results and gave an outlook. While the results beat expectations and the full-year forecast was raised on key metrics, the report wasn’t strong enough to extend the recent strength in the stock. - Petco (WOOF) saw its shares tumble post-market after the pet health and wellness company’s second-quarter adjusted Ebitda forecast came in below the average analyst estimate. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Closing Bell: MiniMed Surges, Ulta Slips, CrowdStrike Beats Estimates

On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. - MiniMed (MMED) shares jump as much as 20%, most intraday on record, after the diabetes device maker reported fourth-quarter net sales and a CGM attachment rate that surpassed expectations. MiniMed also said it plans to commercialize dual glucose-ketone sensors with Abbott. - Ulta (UTLA) shares traded lower after analysts noted that guidance for the retailer suggests a gloomier outlook for the back half of the year than initially anticipated. - CrowdStrike (CRWD) delivered earnings after the bell, boosting adjusted earnings per share for the second quarter. Shares traded lower afterhours. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.